Feed additives are provided within the animal feed to enhance the taste and sweetness are referred to as feed flavors & sweeteners. Feed palatability is a major concern among the feed manufacturers and is driving the growth of feed flavors market since such additives help in enhancing the palatability of feed. Furthermore, the rising importance of feed for increasing livestock yield and also productivity is another determinant propelling the market growth of palatability-boosting feed additives such as flavors. Feed flavors are sourced from both the natural and synthetic raw materials and are available in dry and liquid forms.
MARKET DYNAMICS
The feed flavor market has witnessed significant growth owing to factors such as wider application in livestock feed, including ruminants, swine, poultry, aquatic animals, and others. Increasing awareness of consumers and demanding quality meat products, is forcing instigated livestock producers to offer quality and healthy livestock in order to fulfill the quality standards required by various food players and different markets across the globe. This, in turn, is influencing the market for feed flavors. However, lack of awareness in some of the developing countries towards the importance of feed palatability and also about the benefits of using feed flavors is hampering the market growth. Nevertheless, with the steady growth in the feed processing industry and animal farming, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Feed Flavor Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the feed flavor market with detailed market segmentation by form, source, livestock, flavor type and geography. The global feed flavor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading feed flavor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global feed flavor market is segmented on the basis of form, source, livestock, and flavor type. On the basis of form, the feed flavor market is segmented into dry and liquid. The feed flavor market on the basis of the source is classified into natural and synthetic. On the basis of livestock, global feed flavor market is bifurcated into ruminants, swine, poultry, aquatic animals, and others. Based on flavor type, the global feed flavor market is bifurcated into sweet, savory, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global feed flavor market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The feed flavor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the feed flavor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the feed flavor market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global feed flavor market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from feed flavor market are anticipated to lucrative growth opportunities in the future with the rising demand for feed flavor in the global market. Below mentioned is the list of few companies engaged in the feed flavor market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the feed flavor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agri-Flavors
- Alltech
- BIOMIN Holding GmbH
- DuPont
- Kemin Industry
- Kerry Group Plc
- Norel
- Nutriad
- Origination O2D
- Pancosm
- Prinova Group
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.